Callaway Golf Company (MODG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,259,500 | 4,100,200 | 3,879,900 | 3,049,960 | 1,551,060 |
| Total assets | US$ in thousands | 7,636,100 | 9,120,600 | 8,590,400 | 7,747,800 | 1,980,600 |
| Total asset turnover | 0.56 | 0.45 | 0.45 | 0.39 | 0.78 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,259,500K ÷ $7,636,100K
= 0.56
The total asset turnover ratio for Callaway Golf Company has shown fluctuating trends over the past five years. In 2020, the ratio stood at 0.78, suggesting that the company generated $0.78 in sales for every dollar of assets it owned. However, in 2021, the ratio decreased significantly to 0.39, indicating a decline in the efficiency of utilizing its assets to generate sales.
Subsequently, in both 2022 and 2023, the total asset turnover remained relatively stable at 0.45, signifying that the company maintained a consistent ability to generate revenue relative to its asset base. By 2024, there was an improvement in the ratio to 0.56, suggesting that Callaway Golf Company enhanced its asset utilization efficiency to generate more sales.
Overall, the total asset turnover ratio highlights Callaway Golf Company's varying levels of efficiency in generating revenues from its assets. Investors and analysts may want to monitor this ratio closely to assess the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024